The Hungarian low cost airline Wizz Air Holdings Plc launches flights from Zaporizhia to Gdansk, Wroclaw, Krakow (all from Poland), Vienna (Austria), and Vilnius (Lithuania).
This was announced by Human Resources Director at Wizz Air Holdings Plc Johan Eidhagen during a press conference in Kyiv.
According to him, flights will be operated twice a week, in particular, to Gdansk on Mondays and Fridays (from March 30), to Wroclaw on Wednesdays and Sundays (from March 29), to Budapest on Thursdays and Sundays (from March 29), to Vienna on Thursdays and Sundays (from March 29), to Krakow on Wednesdays and Sundays (from March 29), to Vilnius on Mondays and Fridays (from March 30). Their cost is from UAH 569 one way.
“We are always trying to find “diamonds” that have not yet been processed. This is one of the examples when the airport [of Zaporizhia] has developed so much over the past couple of years. There is a great potential for further growth there,” he said.
Wizz Air, the largest low cost carrier in Central and Eastern Europe, offers flights on more than 600 routes from 25 bases, connecting 145 destinations in 44 countries. The airline fleet consists of 120 Airbus A320 and Airbus A321 aircraft.
By the end of 2019, the company intends to carry 40 million passengers.
Legal entities in Ukraine in January-September 2019 purchased and registered 20,300 passenger cars, which is 12% more than for the same period in 2018, including 19,000 new cars and 1,300 imported used cars, Ukrautoprom has said.
According to the association, the share of new cars in total corporate acquisitions this year was 97% compared to 93% a year earlier.
As for new cars, the highest demand among legal entities was recorded for Renault brand cars with 4,457 cars, Toyota ranked second with 2,968 cars, and Skoda ranked third with 2,533 cars.
When choosing imported used cars, legal entities more often chose Volkswagen cars, having acquired 173 passenger cars of this brand since the beginning of the year. This is followed by Nissan (129 units) and Mercedes-Benz (113 units).
Ukrautoprom noted that since the beginning of the year, 383,300 cars have been registered in Ukraine, of which 61,700 are new cars and 321,600 were used cars imported from abroad.
Ovostar Union agricultural group of companies, one of the leading producers of eggs in Ukraine, in January-September 2019 reduced egg sales by 15.9% compared to the same period in 2018, to 888 million pieces, due to a decrease in trading activity.
According to the group’s report on the Warsaw Stock Exchange, egg production during this period declined by 0.9%, to 1.191 billion pieces.
Egg exports for the nine months of this year were down by 0.7%, to 440 million eggs. The share of exports in the total volume of egg sales was 50% compared to 42% for the same period in 2018.
Coal reserves in the warehouses of thermal power plants (TPP) of energy generating companies in Ukraine increased by 8.2% (by 106,200 tonnes) from October 15 to October 21, to 1.391 million tonnes, which is 14% (228,100 tonnes) less than last year, according to the Ministry of Energy and Environment Protection.
According to the calculations of the Interfax-Ukraine agency, reserves of anthracite in the warehouses of thermal power plants amounted to 340,300 tonnes, which is 11.5% more than a week ago, and almost twice as much as a year earlier (173,400 tonnes). At the same time, gas coal reserves at thermal power plants’ warehouses amount to 1.051 million tonnes, which is 7.2% (71,000 tonnes) more than last week, and 27.3% (395,200 tonnes) less than last year.
Coal reserves (anthracite and gas) in the warehouses of combined heat and power plants for the week rose by 7.5% (by 12,400 tonnes), to 176,500 tonnes, which is 26.1% (62,500 tonnes) less than on October 22, 2018.
As reported, the consumption of energy grades of coal by TPPs and combined heat and power plants in the country in 2018 increased by 5.7% (by 1.409 million tonnes) compared to 2017, to 26.22 million tonnes.
COAL, STOCKS, TPP, WAREHOUSES
Simmons & Simmons has advised Oslo-based NBT, a Norwegian wind power developer and the largest foreign investor in Ukraine, by leading the negotiations on the Engineering, Procurement and Construction (“EPC”) contracts with China Electric Power Equipment and Technology Co, Ltd. (“CET”) for the 300 MW second stage and 450 MW third stage of the Zophia Wind Park in Ukraine (“Zophia II” and “Zophia III” respectively).
Once completed, together with the 42.5 MW first stage, the Zophia Wind Park will become the largest onshore wind farm in Europe, with a total capacity of 792.5 MW – and will generate enough electricity to power the needs of approximately 340,000 households.
Simmons also advised NBT on its Preliminary Financing Arrangement Agreement, under which NBT and CET set out their intentions for financing for Zophia II and Zophia III. NBT plans to tap Chinese banks including Industrial Commercial Bank of China (“ICBC”), the Export-Import Bank of China (“Exim Bank of China”) and China Construction Bank (“CCB”) for €500 million of senior debt and arrange an additional €250 million from international banks. This promises to be a landmark Belt and Road project in respect of its combined international and Chinese financing.
The Simmons team was led by projects partner Alex Blomfield and assisted by associates Louise Mackenzie and Elizabeth Ormesher.
Joar Viken, CEO of NBT, said “Alex has been instrumental in all of NBT’s EPC negotiations in Ukraine, both for the Syvash and the Zophia projects. His outstanding work ethic, combined with his commercial savviness and ability to provide creative solutions to complex problems, have been instrumental in closing these EPC contracts. His vast knowledge regarding international project financing has been advantageous in ensuring we negotiate a bankable product. In addition, we are deeply impressed by Simmons and the assistance the supporting staff has been providing throughout the process.”
Commenting on the transaction, Alex Blomfield said: “It is a privilege to advise NBT on such a complex and important deal. NBT is an excellent developer and one of only a handful of sponsors that successfully can combine trusted relationships in China with international financing. Having recently joined Simmons, it is great to be a part of a firm which is so well placed to support companies such as NBT but also other clients on major projects of similar scale and size.”
With a focus on emerging markets, NBT was the first company to close a limited-recourse financing in the fledgling wind power market in China in 2010 and earlier this year NBT, together with its equity partner Total Eren, closed the first limited-recourse financing of a wind farm in Ukraine with the 245.7 MW Syvash project. So far, NBT has commissioned three wind farms, totalling 150 MW of capacity in China. Leveraging the success in China and Ukraine, NBT is continuously assessing project opportunities in other emerging markets.
The Zophia deal is the latest in a line of award-winning wind project deals for the Energy, Natural Resources & Infrastructure Projects team at Simmons, demonstrating its market leading position in landmark transactions such as the Markbygden 650 MW wind farm in Sweden which won European Wind Deal of the Year at Thomson Reuters PFI Europe Awards 2018 and advising on the largest joint venture arrangement between a private equity fund and a developer in Africa (US$1.9bn ) and Chile (US$1.4bn).
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Passenger traffic in Boryspil International Airport as of October 21, 2019 exceeded the figure for the whole of 2018 (12.6 million people) and amounted to 12.633 million passengers, the airport reports on Facebook. “The beginning of the week and we have good news! Today Boryspil International Airport has served 12.633 million passengers. And this is more than for the whole of 2018,” the airport said.
As reported, in January-September 2019 the airport increased passenger traffic by 22.5% compared to the same period in 2018, to 11.623 million people. Passenger traffic on international flights for the indicated period amounted to 10.8 million people (an increase of 23.7%), on domestic flights some 831,200 people (an increase of 8.8%).
In 2018, Boryspil Airport increased passenger traffic by 19%, to 12.6 million people.
Boryspil International Airport is the largest one in Ukraine with a total area of about 1,000 hectares.
